here you go again BGThe norm is... household income 1.6 times...

here you go again BG


The norm is... household income 1.6 times ave income.

So it works out to be $72,000 p.a per household.


lets assume:

house price is 470k
30% deposit as 70% is the ave LVR

= $329k ave loan amount

Westpac Home Loan product for $329000 with an interest rate of 5.359999999999999% for a term of 30 years....

= $425 week

$1384 week income
less $425 mortgage

$959 left to live on per week.



if we are talking investment.....

repayments I/O
$370 week
ave rent income $400 week.

Return $30 week.

Does that answer your question?